Latest World News: China appoints Wang Yi as new foreign minister, replacing

Chinese Foreign Minister Qin Gang was removed from his post on July 25, state media reported, after not being seen in the public eye for a month.

China’s top legislature voted to appoint Wang Yi as foreign minister… as it convened a session on Tuesday, according to state media Xinhua said. Qin Gang was removed from his post as foreign minister.

Qin, 57, who became one of China’s youngest foreign ministers when he took office in December after a stint as an envoy to the United States, had not been seen in public since June 25.

His ministry later said he was off work for unspecified health reasons, but the lack of detailed information fueled a whirlwind of speculation.

The report did not give a reason for Qins’ dismissal, but said President Xi Jinping had signed a presidential decree to enact the decision.

Mr. Qin had been considered a confidant of Mr. Xi and many analysts attributed his recent rapid rise in the diplomatic ranks to their relationship.

China has remained tight-lipped for weeks over the whereabouts of Mr Qin, who has not been seen in public since June 25, when he met Russian Deputy Foreign Minister Andrey Rudenko in Beijing.

His absence sparked a storm of speculation that he had been removed from office or was under official investigation.

Asked about Qin repeatedly on Tuesday, Foreign Ministry spokeswoman Mao Ning told reporters she had no information to offer and insisted that Chinese diplomatic activities were progressing steadily.

Mr. Qin’s duties were recently taken over by senior Chinese diplomat Mr. Wang, who leads the ruling Communist Party’s foreign policy and supersedes Mr. Qin in the government hierarchy.

Pan Gongsheng to head China’s central bank, succeeding Yi Gang

Pan Gongsheng was appointed Governor of the Central Bank of China today in the long-awaited major final appointment of the ruling Communist Parties for a once-a-decade change of power.

Mr. Pan, deputy central bank governor and a veteran of China’s state-owned banking sector, succeeds Yi Gang, a US-educated economist who held the post for five years. The approval of Pans’ promotion by the ceremonial legislature, the National People’s Congress, follows other Cabinet-level appointments announced in March.

The governor of the People’s Bank of China is the most prominent Chinese figure in financial circles, but his powers are limited. The bank is controlled by the ruling Communist Party.

Pan, who turns 60 this month, met with US Treasury Secretary Janet Yellen on July 8, saying he was promoted. He was widely believed to be in line for the job after being appointed Communist Party secretary for the central bank.

In 2015, Mr. Pan was named head of China’s foreign exchange regulator, usually a stepping stone to the central bank’s top job. Previously, he was Vice Chairman of the Agricultural Bank of China Ltd., one of the country’s four major commercial lenders.

Mr. Pan earned a Ph.D. in Economics from Renmin University in Beijing and did research at Cambridge and Harvard Universities.

This is a Premium item available exclusively to our subscribers. To read over 250 such premium articles every month

You have exhausted your free item limit. Thank you for supporting quality journalism.

You have exhausted your free item limit. Thank you for supporting quality journalism.

This is your last free article.

Also read this Article:

An Overview of Global Events in 2023

In 2023, the world witnessed a myriad of events that left a lasting impact on global affairs. From political developments and economic shifts to environmental challenges and breakthroughs in science and technology, the year was marked by significant changes and a sense of urgency for collective action. Here’s an overview of some of the latest world news in 2023.

Political Unrest and Diplomatic Strides:
In the political arena, several regions experienced unrest and geopolitical tensions. The ongoing conflict in the Middle East continued to dominate headlines, with efforts towards peace and stability remaining elusive. However, there were also moments of diplomatic breakthroughs as nations engaged in dialogues to ease tensions and work towards lasting solutions.

Economic Transformations:
The global economy faced both challenges and opportunities. Trade disputes between major powers affected markets, while some countries grappled with debt crises. On the other hand, emerging economies showed resilience and promising growth, fueling optimism for a more balanced global economic landscape.

Technological Advancements:
Innovation surged forward in the tech industry, with breakthroughs in artificial intelligence, renewable energy, and space exploration. Quantum computing achieved milestones, promising radical transformations across industries. Renewable energy sources gained traction, with many countries setting ambitious goals to combat climate change.

Climate Crisis and Environmental Resilience:
As the climate crisis intensified, extreme weather events wreaked havoc in various parts of the world. Wildfires, hurricanes, and floods reminded humanity of the urgent need for climate action. In response, governments and communities across the globe doubled down on efforts to reduce carbon emissions, invest in sustainable infrastructure, and protect biodiversity.

Health and Pandemic Management:
Health remained a global priority as countries continued to combat the COVID-19 pandemic. With the emergence of new variants, vaccination efforts and public health measures remained crucial to curbing the spread of the virus. There were also significant advancements in medical research and technology, offering hope for better preparedness in handling future health crises.

Sports and Cultural Milestones:
Amidst the challenges, the world found moments of joy and unity through sports and culture. International sporting events brought together athletes from diverse backgrounds, promoting solidarity and camaraderie. Cultural exchanges and celebrations showcased the richness of human diversity and fostered mutual understanding.

In conclusion, the year 2023 was a dynamic period filled with significant events that shaped the course of history. From political unrest to technological advancements and environmental challenges, the world witnessed the complexities of the global landscape. While obstacles remained, there were also encouraging developments and collaborative efforts towards a more sustainable, peaceful, and prosperous future for all nations. As we move forward, the lessons learned from these events serve as a reminder of the importance of collective action and cooperation to address shared global challenges.